MANCHESTER — Accelerate NH is now taking applications for its 2019 program. Run through the New Hampshire Tech Alliance’s Alpha Loft Initiative, the program helps startup founders develop their business ideas.
Now in its third year, Accelerate NH runs for 12 weeks beginning in February and helps founders take their ideas to the next level through mentorship, support and programming. The program, which is provided at no cost, focuses on startup and early-stage companies.
“We’re excited to kick of the fifth year of Accelerate NH. Through this intensive program, 31 company founders have completed the program and have generally reported back that what they learned significantly impacted their business development, marketing and growth strategies,” said Joshua Cyr, director of education and acceleration for the Tech Alliance and Alpha Loft initiatives.
Applications will be accepted through Feb. 3, 2019, and successful applicants will be announced by the end of the month. The program will conclude at the end of May during the final Startup Shindig event, during which time the entrepreneurs present their companies, business models and goals before a live audience.
At Startup Shindig, $300,000 will be invested in two to three of the startups in the program. The investments come from the Millworks Fund Series II, which supported the program in 2017 and 2018 and also supports the investments made in the annual Alliance TechOut event. Between 2017 and 2019, the Millworks Fund Series II expects to invest $1.8 million in New Hampshire startups.
Accelerate NH is open to founders of early-stage startups headquartered in New Hampshire. Applicants must be New Hampshire residents and have raised less than $500,000 for their for-profit business. Applicants will be evaluated on the team, product and business plan.